ֳ

Credit Summary

Fulton County (GA) [General Government]

EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)

ESG Relevance
1
2
3
4
5

01Ratings

RatingActionDateType
AAAAffirmed28-Apr-2025Long Term Issuer Default Rating
Key Rating Factors
Financial Resilience aaa
Revenue Volatility Weakest
Population Trend Strong
Unemployment, Educational Attainment and MHI Level Strong
Economic Concentration and Population Size Strongest
Long-Term Liability Burden Strong
Ratings KeyOutlookWatch
Positive
Negative
Evolving
Stable 

* Ratings displayed in orange denotes EU or UK Unsolicited and Non-Participatory Ratings

Where there was a review with no rating action (Review – No Action), please refer to the “Latest Rating Action Commentary” for an explanation of key rating drivers

*Premium Content is displayed in ֳ Red

Rating History

Date :28-Apr-202520-Aug-202404-Apr-202423-Aug-202329-Aug-202203-Sep-202117-Sep-202019-Sep-201919-Apr-201710-May-201625-Apr-2016
Rating :AAAAAAAAAAAAAAAAAAAAAAAA
Action :AffirmedUpgradeUnder Criteria ObservationReview - No ActionReview - No ActionAffirmedReview - No ActionReview - No ActionAffirmedAffirmedNew Rating

02Rating Actions

03Insights

04Securities and Obligations

Ratings
Rated Entity / Debt  
Ratings  
Entity Details  
Identifiers  
Other Details  
Security: Fulton County (GA) / General Obligation - Unlimited Tax
Issuer: Fulton County (GA)
Bond: GO Library bonds (Taxable Build America Bonds) ser 2010B
Series: 2010B
28-Apr-2025
AAA
Affirmed
Long Term Rating

28-Apr-2025
AAA
Affirmed
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 360046Q90 (Public)
Maturity Date: 01-Jul-2039
Currency: USD
Amount: 0
Placement: Public
Security LTR: AAA
Security STR: WD
Security: Fulton County (GA) / General Obligation - Unlimited Tax
Issuer: Fulton County (GA)
Bond: GO Library bonds (Taxable Build America Bonds) ser 2010B
Series: 2010B
28-Apr-2025
AAA
Affirmed
Long Term Rating

28-Apr-2025
AAA
Affirmed
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 360046Q74 (Public)
Maturity Date: 01-Jul-2025
Currency: USD
Amount: 0
Placement: Public
Security LTR: AAA
Security STR: WD
Security: Fulton County (GA) / General Obligation - Unlimited Tax
Issuer: Fulton County (GA)
Bond: GO Library bonds (Taxable Build America Bonds) ser 2010B
Series: 2010B
28-Apr-2025
AAA
Affirmed
Long Term Rating

28-Apr-2025
AAA
Affirmed
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 360046Q82 (Public)
Maturity Date: 01-Jul-2030
Currency: USD
Amount: 0
Placement: Public
Security LTR: AAA
Security STR: WD
Security: Fulton County (GA) / General Obligation - Unlimited Tax
Issuer: Fulton County (GA)
Bond: GO library bonds ser 2017
Series: 2017
28-Apr-2025
AAA
Affirmed
Long Term Rating

28-Apr-2025
AAA
Affirmed
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 360046V29 (Public)
Maturity Date: 01-Jul-2043
Currency: USD
Amount: 0
Placement: Public
Security LTR: AAA
Security STR: WD
Security: Fulton County (GA) / General Obligation - Unlimited Tax
Issuer: Fulton County (GA)
Bond: GO library bonds ser 2017
Series: 2017
28-Apr-2025
AAA
Affirmed
Long Term Rating

28-Apr-2025
AAA
Affirmed
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 360046T97 (Public)
Maturity Date: 01-Jul-2034
Currency: USD
Amount: 0
Placement: Public
Security LTR: AAA
Security STR: WD
Security: Fulton County (GA) / General Obligation - Unlimited Tax
Issuer: Fulton County (GA)
Bond: GO library bonds ser 2017
Series: 2017
28-Apr-2025
AAA
Affirmed
Long Term Rating

28-Apr-2025
AAA
Affirmed
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 360046U38 (Public)
Maturity Date: 01-Jul-2036
Currency: USD
Amount: 0
Placement: Public
Security LTR: AAA
Security STR: WD
Security: Fulton County (GA) / General Obligation - Unlimited Tax
Issuer: Fulton County (GA)
Bond: GO library bonds ser 2017
Series: 2017
28-Apr-2025
AAA
Affirmed
Long Term Rating

28-Apr-2025
AAA
Affirmed
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 360046T71 (Public)
Maturity Date: 01-Jul-2032
Currency: USD
Amount: 0
Placement: Public
Security LTR: AAA
Security STR: WD
Security: Fulton County (GA) / General Obligation - Unlimited Tax
Issuer: Fulton County (GA)
Bond: GO library bonds ser 2017
Series: 2017
28-Apr-2025
AAA
Affirmed
Long Term Rating

28-Apr-2025
AAA
Affirmed
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 360046U20 (Public)
Maturity Date: 01-Jul-2035
Currency: USD
Amount: 0
Placement: Public
Security LTR: AAA
Security STR: WD
Security: Fulton County (GA) / General Obligation - Unlimited Tax
Issuer: Fulton County (GA)
Bond: GO library bonds ser 2017
Series: 2017
28-Apr-2025
AAA
Affirmed
Long Term Rating

28-Apr-2025
AAA
Affirmed
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 360046T30 (Public)
Maturity Date: 01-Jul-2028
Currency: USD
Amount: 0
Placement: Public
Security LTR: AAA
Security STR: WD
Security: Fulton County (GA) / General Obligation - Unlimited Tax
Issuer: Fulton County (GA)
Bond: GO library bonds ser 2017
Series: 2017
28-Apr-2025
AAA
Affirmed
Long Term Rating

28-Apr-2025
AAA
Affirmed
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 360046T55 (Public)
Maturity Date: 01-Jul-2030
Currency: USD
Amount: 0
Placement: Public
Security LTR: AAA
Security STR: WD
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05Disclosures

Endorsement Status
EU Endorsed, UK Endorsed
Country of ֳ Office
United States
Solicitation Status
Long Term RatingSolicited - Sell Side
Short Term RatingSolicited - Sell Side
Unenhanced Long Term RatingSolicited - Sell Side
Unenhanced Short Term RatingSolicited - Sell Side

06Criteria

02Apr
2024
Active Criteria
U.S. Public Finance Local Government Rating Criteria
04May
2021
Expired Criteria
U.S. Public Finance Tax-Supported Rating Criteria - Effective from May 4, 2021 to April 2, 2024

07Analysts

Ashlee Gabrysch
Primary Rating Analyst

Kristine Tjia
Secondary Rating Analyst

Credit-Relevant ESG Scale

How relevant are E, S and G issues to the overall credit rating?

5
Highly relevant, a key rating driver that has a significant impact on the rating on an individual basis. Equivalent to "higher" relative importance within Navigator.
4
Relevant to rating, not a key rating driver but has an impact on the rating in combination with other factors. Equivalent to "moderate" relative importance within Navigator
3
Minimally relevant to rating, either very low impact or actively managed in a way that results in no impact on the entity rating. Equivalent to "lower" relative importance within Navigator.
2
Irrelevant to the entity rating but relevant to the sector.
1
Irrelevant to the entity rating and irrelevant to the sector

* ESG Relevance is applicable for international scale ratings only

Ratings KeyOutlookWatch
Positive
Negative
Evolving
Stable 

* Ratings displayed in orange denotes EU or UK Unsolicited and Non-Participatory Ratings

Where there was a review with no rating action (Review – No Action), please refer to the “Latest Rating Action Commentary” for an explanation of key rating drivers

*Premium Content is displayed in ֳ Red